August 2024
Monthly Financial Report

PREPARED BY
Financial Accounting & Reporting Division

August 31, 2024
To the Mayor and City Council:
This is the City's Financial Report for August, the second month of fiscal year 2024-25.
This financial report summarizes revenues and expenditures by major categories.
The report consists of three sections:
Expenditures by Program
General Fund

Presents a five-year history, including current year
budget and actual, and variance and trend analysis for
general fund expenditures.

Citywide

Presents a five-year history, including current year
budget and actual, and variance and trend analysis for
citywide expenditures.

Revenues by Source
Presents a current year budget-to-actual analysis as well as a three-year
variance and trend analysis for various revenue sources.
Financial Schedules
General Fund
Summary

Presents comparisons of year-to-date balances to
the fiscal year budget and to the actual results for the
prior year for the general fund.

Citywide Summary

Presents the City's summarized comparisons of the
year-to-date balances to the fiscal year budget and to
the actual results for the prior year.

Citywide Detail

Presents, in detail, the results of the City's operations
for the current month and for the fiscal year-to-date.
Included are breakdowns of the City's revenues,
operating budget expenditures, capital budget
expenditures and bonds authorized and sold.

Respectfully submitted,

Kathleen Gitkin
Chief Financial Officer

Joe Jatzkewitz
Assistant Finance Director/City Treasurer

January 24, 2025

INDEPENDENT AUDITOR REPORT
To the Chief Financial Officer,
We have assessed the Finance Department’s (Finance) August 2024 Monthly Financial Report (MFR) in
accordance with the agreed-upon procedures engagement between Finance and the City Auditor
Department (Audit). Finance prepares a monthly, written report to the City Council detailing expenditures,
revenues, and the City’s financial condition. Finance is responsible for compiling an accurate and
complete MFR. Finance and Audit entered into an agreed-upon procedures engagement for the
assessment of the MFR on October 7, 2024.
The agreed-upon procedures include the following:
•

Mathematically check calculations presented within the MFR.

•

Confirm stated financial data presented within the MFR to historical data supplied by Finance.

This agreed-upon procedures engagement was conducted in accordance with the attestation standards
established by the American Institute of Certified Public Accountants (AICPA). Because the agreed-upon
procedures listed above do not constitute an examination or a review, we will not express an opinion on
the MFR as a whole. Had we performed additional procedures; other matters may have come to our
attention which would have been reported. The sufficiency of the procedures is solely the responsibility of
parties specified in the agreed-upon procedures engagement agreement.
Based on the agreed-upon procedures, we verified that the presented financial data was mathematically
accurate and tied to historical data presented in the MFR.
Sincerely,

Aaron Cook
City Auditor

City of Phoenix
Monthly Financial Report
August 2024
Table of Contents
Expenditures by Programs

Page

Performance Status

General Fund Expenditures
General Fund Total Expenditures

1

Better than Expected

General Government

1

Monitor and Consider Taking Action

Criminal Justice

1

Better than Expected

Public Safety

2

Better than Expected

Transportation

2

Expected

Community Development

2

Monitor and Consider Taking Action

Community Enrichment

3

Better than Expected

Environmental Services

3

Monitor and Consider Taking Action

Citywide Expenditures
Citywide Total Operating Expenditures

4

Better than Expected

General Government

4

Monitor and Consider Taking Action

Criminal Justice

4

Better than Expected

Public Safety

5

Better than Expected

Transportation

5

Better than Expected

Community Development

5

Better than Expected

Community Enrichment

6

Better than Expected

Environmental Services

6

Better than Expected

General Obligation Debt Service

6

Better than Expected

Capital Expenditures
CIP-General Government

7

CIP-Aviation

7

CIP-Phoenix Convention Center

8

CIP-Solid Waste Disposal

8

CIP-Wastewater

9

CIP-Water System

9

Page

Performance Status

General Fund Total Operating Revenue

10

Better than Expected

Property Tax

11

Expected

Local Sales Tax

12

Expected

Revenues by Source

State Sales Tax

13

Better than Expected

Vehicle License Tax

14

Better than Expected

Governmental Funds

15

Better than Expected

Aviation

16

Better than Expected

Water System

17

Monitor and Consider Taking Action

Wastewater

18

Better than Expected

Financial Schedules

Page

General Fund Revenue

19

General Fund Expenditures

20

Citywide Operating Revenue

21

Citywide Operating Expenditures

22

Citywide Operating Revenue by Source

23

Citywide Operating Expenditures by Program

26

Capital Expenditures and Encumbrances

28

Bonds Authorized and Sold

29

Notes:
Performance Status

Better than Expected - Positive variance of greater than 1% actual vs budget.
Expected - Actual vs budget variance within 1% positive or negative.
Monitor and Consider Taking Action - Negative variance greater than 1% actual vs budget.
Corrective Action Taken - Negative variance greater than 1% actual vs budget, however the City has taken action to address the negative variance.

General Fund
Expenditures
Expenditures from the City's General Fund for core
functions such as Police, Fire, Parks, Streets and
Social Services as well as administrative functions
such as Mayor and Council, City Manager, Finance,
and Human Resources. This does not include any
expenditures from dedicated revenue streams such
as grants, bonds, specifically dedicated taxes, and
enterprise revenues.

General Fund Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Total General Fund Expenditures

Fiscal Year
20-21
21-22
22-23
23-24
24-25

August YTD
Expenditures
233,679
263,952
297,592
371,818
392,084

Total General Fund

Annual
Expenditures *
1,371,152
1,470,251
1,623,808
1,844,878
1,982,884

% of Annual
Expenditures
17.0%
18.0%
18.3%
20.2%
19.8%

* For prior years -- total actual expenditures;
for current year -- total approved budget net of adjustment for contingencies.

$2,500,000
August YTD
Expenditures

$2,000,000
$1,500,000
$1,000,000

Annual
Expenditures *

$500,000
$0
20-21

Better than Expected

21-22

22-23

23-24

24-25

In order to have a better comparison to prior year actuals, contingencies and vacancy savings will only be included in the annual budget to the extent that they have been spent. The
general fund provides for core City functions that are not provided by dedicated revenue streams. It does not include services provided by dedicated taxes, grants, bond proceeds or
enterprise fund revenues. Fiscal year 2024-25 budgeted general fund expenditures are 7.5% higher than the fiscal year 2023-24 actuals. Fiscal year 2024-25 actual general fund
expenditures through August are 5.5% higher than the same period in fiscal year 2023-24. The increase is due to higher personal services (i.e., salaries, benefits, etc.) and professional
services in fiscal year 2024-25.
General fund expenditures increased 13.6% in fiscal year 2023-24 over fiscal year 2022-23. This followed an increase of 10.4% from 2022-23 over 2021-22 and an increase of 7.2%
from 2021-22 over 2020-21 fiscal results.

General Government
Fiscal Year
20-21
21-22
22-23
23-24
24-25

August YTD
Expenditures
27,039
30,820
36,612
46,107
54,676

General Government
Annual
% of Annual
Expenditures * Expenditures
17.5%
154,211
19.0%
161,907
19.2%
190,945
20.5%
224,802
21.5%
254,259

* For prior years -- total actual expenditures;
for current year -- total approved budget net of adjustment for contingencies.

$300,000
$250,000

August YTD
Expenditures

$200,000
$150,000
$100,000

Annual
Expenditures *

$50,000
$0
20-21

Monitor and Consider Taking Action

21-22

22-23

23-24

24-25

General government expenditures include costs for administrative and internal service functions such as the Mayor and City Council, City Manager’s Office, City Auditor, Finance,
Budget and Research, and Human Resources. Fiscal year 2024-25 budgeted general fund expenditures are 13.1% higher than the fiscal year 2023-24 actuals. Fiscal year 2024-25
actual general fund expenditures through August are 18.6% higher than the same period in fiscal year 2023-24. The largest driver accounting for increase year-over-year is Human
Resource's $4.2 million charge for the Firefighters Cancer Reimbursement Fund Assessment.
General fund expenditures increased 17.7% in fiscal year 2023-24 over fiscal year 2022-23. This followed an increase of 17.9% from 2022-23 over 2021-22 and an increase of 5.0%
from 2021-22 over 2020-21 fiscal results.

Criminal Justice
Fiscal Year
20-21
21-22
22-23
23-24
24-25

Criminal Justice

August YTD
Expenditures

Annual
Expenditures *

6,278
6,837
7,364
8,168
7,773

36,162
40,008
42,361
43,661
47,381

% of Annual
Expenditures
17.4%
17.1%
17.4%
18.7%
16.4%

* For prior years -- total actual expenditures;
for current year -- total approved budget net of adjustment for contingencies.

$50,000
August YTD
Expenditures

$40,000
$30,000

Annual
Expenditures *

$20,000
$10,000
$0
20-21

Better than Expected

21-22

22-23

23-24

24-25

Criminal Justice expenditures include costs for Municipal Courts and Public Defenders. Fiscal year 2024-25 budgeted general fund expenditures are 8.5% higher than the fiscal year
2023-24 actuals. Fiscal year 2024-25 actual general fund expenditures through August are 4.8% lower than the same period in fiscal year 2023-24.
General fund criminal justice expenditures increased 3.1% in fiscal year 2023-24 over fiscal year 2022-23. This followed an increase of 5.9% from 2022-23 over 2021-22 and an
increase of 10.6% from 2021-22 over 2020-21 fiscal results.

1

General Fund Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Public Safety
Fiscal Year
20-21
21-22
22-23
23-24
24-25

Public Safety
August YTD
Expenditures

Annual
Expenditures *

155,386
175,495
190,834
242,085
233,081

925,920
992,648
1,082,562
1,230,311
1,248,049

% of Annual
Expenditures
16.8%
17.7%
17.6%
19.7%
18.7%

$1,500,000
August YTD
Expenditures

$1,200,000
$900,000
$600,000

Annual
Expenditures *

$300,000

* For prior years -- total actual expenditures;
for current year -- total approved budget net of adjustment for contingencies.

$0
20-21

Better than Expected

21-22

22-23

23-24

24-25

Public Safety expenditures include costs for police and fire services. The anticipated increases are due to higher personal service expenditures for public safety employees in both the
Police and Fire Departments, which includes City pension contributions. Fiscal year 2024-25 budgeted general fund public safety expenditures are 1.4% higher than the fiscal year
2023-24 actuals. Fiscal year 2024-25 actual general fund public safety expenditures through August are 3.7% lower than the same period in fiscal year 2023-24.
General fund public safety expenditures increased 13.6% in fiscal year 2023-24 over fiscal year 2022-23. This followed an increase of 9.1% from 2022-23 over 2021-22 and an
increase of 7.2% from 2021-22 over 2020-21 fiscal results.

Transportation
Fiscal Year
20-21
21-22
22-23
23-24
24-25

Transportation

August YTD
Expenditures

Annual
Expenditures *

2,020
2,000
6,904
5,045
5,051

22,144
23,166
24,827
25,006
25,252

% of Annual
Expenditures
9.1%
8.6%
27.8%
20.2%
20.0%

* For prior years -- total actual expenditures;
for current year -- total approved budget net of adjustment for contingencies.

$30,000
$25,000
August YTD
Expenditures

$20,000
$15,000
$10,000

Annual
Expenditures *

$5,000
$0
20-21

Expected

21-22

22-23

23-24

24-25

Transportation expenditures include costs for public transit and street maintenance and repair. Prior to fiscal year 2018-19 Street Transportation Department charged expenses to the
general fund and subsequently transferred some of those expenses to the Arizona Highway User Revenue fund (AHUR). Beginning in fiscal year 2018-19 Street Transportation is
charging most expenses to AHUR while transferring a portion of those to the general fund. Fiscal year 2024-25 budgeted general fund transportation expenditures are 1.0% higher
than the fiscal year 2023-24 actuals. Fiscal year 2024-25 actual general fund transportation expenditures through August are 0.1% higher than the same period in fiscal year 2023-24.

General fund transportation expenditures increased 0.7% in fiscal year 2023-24 over fiscal year 2022-23. This followed an increase of 7.2% from 2022-23 over 2021-22 and an
increase of 4.6% from 2021-22 over 2020-21 fiscal results.

Community Development

Fiscal Year
20-21
21-22
22-23
23-24
24-25

August YTD
Expenditures
3,820
4,526
5,040
6,171
7,288

Community Development
Annual
Expenditures *
24,114
28,225
32,420
37,484
41,362

% of Annual
Expenditures
15.8%
16.0%
15.5%
16.5%
17.6%

$50,000
August YTD
Expenditures

$40,000
$30,000
$20,000

Annual
Expenditures *

$10,000

* For prior years -- total actual expenditures;
for current year -- total approved budget net of adjustment for contingencies.

$0
20-21

Monitor and Consider Taking Action

21-22

22-23

23-24

24-25

Community Development expenditures include costs for economic development and neighborhood services. The fiscal year 2024-25 budgeted general fund community development
expenditures are 10.3% higher than the fiscal year 2023-24 actuals. Fiscal year 2024-25 actual general fund community development expenditures through August are 18.1% higher
than the same period in fiscal year 2023-24.
General fund community development expenditures increased 15.6% in fiscal year 2023-24 over fiscal year 2022-23. This followed an increase of 14.9% from 2022-23 over 2021-22
and an increase of 17.0% from 2021-22 over 2020-21 fiscal results.

2

General Fund Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Community Enrichment

Community Enrichment
% of Annual
Expenditures
21.1%
21.7%
22.6%
22.8%
21.9%

$250,000

* For prior years -- total actual expenditures;
for current year -- total approved budget net of adjustment for contingencies.

$0

Fiscal Year
20-21
21-22
22-23
23-24
24-25

August YTD
Expenditures
33,436
37,631
43,104
50,302
51,888

Annual
Expenditures *
158,589
173,631
190,780
220,465
236,705

August YTD
Expenditures

$200,000
$150,000
$100,000

Annual
Expenditures *

$50,000
20-21

21-22

22-23

23-24

24-25

Better than Expected
Community enrichment expenditures include costs for parks, recreational activities, senior centers and community centers. Fiscal year 2024-25 budgeted general fund community
enrichment expenditures are 7.4% higher than the fiscal year 2023-24 actuals. Fiscal year 2024-25 actual general fund community enrichment expenditures through August are 3.2%
higher than the same period in fiscal year 2023-24. The anticipated increase is due to higher contractual services related to parking management services in fiscal year 2024-25.

General fund community enrichment expenditures increased 15.6% in fiscal year 2023-24 over fiscal year 2022-23. This followed an increase of 9.9% from 2022-23 over 2021-22 and
an increase of 9.5% from 2021-22 over 2020-21 fiscal results.

Environmental Services

Fiscal Year
20-21
21-22
22-23
23-24
24-25

August YTD
Expenditures
4,961
5,855
5,998
9,575
12,957

Environmental Services
Annual
Expenditures *
20,905
26,508
28,329
29,088
38,051

% of Annual
Expenditures
23.7%
22.1%
21.2%
32.9%
34.1%

$40,000
August YTD
Expenditures

$30,000
$20,000

Annual
Expenditures *

$10,000

* For prior years -- total actual expenditures;
for current year -- total approved budget net of adjustment for contingencies.

$0
20-21

Monitor and Consider Taking Action

21-22

22-23

23-24

24-25

Environmental service expenditures include costs for maintaining and operating City facilities. Because environmental service expenditures are highly dependent on interdepartmental
charges, they tend to be very volatile. Fiscal year 2024-25 budgeted general fund environmental services expenditures are 30.8% higher than the fiscal year 2023-24 actuals. Fiscal
year 2024-25 actual general fund environmental service expenditures through August are 35.3% higher than the same period in fiscal year 2023-24.

General fund environmental expenditures increased 2.7% in fiscal year 2023-24 over fiscal year 2022-23. This followed an increase of 6.9% from 2022-23 over 2021-22 and an
increase of 26.8% from 2021-22 over 2020-21 fiscal results.

3

Citywide
Expenditures
All expenditures of the City including those for
enterprise functions and those related to dedicated
revenue streams. Expenditures are reported in
total and by program.

Citywide Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Total Citywide Operating

Fiscal Year
20-21
21-22
22-23
23-24
24-25

August YTD
Expenditures
827,458
1,253,637
1,110,251
1,166,685
1,129,661

Total Citywide
Annual
Expenditures *
4,163,122
4,488,949
4,737,610
5,258,576
7,027,470

% of Annual
Expenditures
19.9%
27.9%
23.4%
22.2%
16.1%

* For prior years -- total actual expenditures; for current year -- total approved
budget net of adjustments for contingencies and use of the early redemption
fund.

$8,000,000
August YTD
Expenditures

$6,000,000
$4,000,000

Annual
Expenditures *

$2,000,000
$0
20-21

Better than Expected

21-22

22-23

23-24

24-25

In order to have a better comparison to prior year actuals, contingencies and vacancy savings will only be included in the annual budget to the extent that they have been
spent. Without contingencies and vacancy savings, and including programs budgeted for ARPA the budget for fiscal year 2024-25 anticipates an increase of 33.6% over
fiscal year 2023-24 actuals in total operating expenditures. Actual expenditures through August are 3.2% lower than the same period in the prior fiscal year.

General Government
Fiscal Year
20-21
21-22
22-23
23-24
24-25

August YTD
Expenditures
35,888
31,149
39,804
49,785
59,084

General Government
Annual
Expenditures *
207,451
238,925
246,244
264,112
308,599

% of Annual
Expenditures
17.3%
13.0%
16.2%
18.8%
19.1%

$400,000
August YTD
Expenditures

$300,000
$200,000

Annual
Expenditures *

$100,000

* For prior years -- total actual expenditures; for current year -- total approved
budget.

$0
20-21

Monitor and Consider Taking Action

21-22

22-23

23-24

24-25

General government expenditures include costs for administrative and internal service functions such as the Mayor and City Council, City Manager's Office, City Auditor,
Finance, Budget and Research, and Human Resources. Budget for fiscal year 2024-25 anticipates an increase of 16.8% over fiscal year 2023-24 actuals in total operating
expenditures. Actual expenditures through August are 18.7% higher than the same period in the prior fiscal year.

Criminal Justice
Fiscal Year
20-21
21-22
22-23
23-24
24-25

Criminal Justice

August YTD
Expenditures
7,766
8,027
8,529
9,567
8,898

Annual
Expenditures *
44,147
47,054
49,422
51,475
56,360

% of Annual
Expenditures
17.6%
17.1%
17.3%
18.6%
15.8%

$80,000
August YTD
Expenditures

$60,000
$40,000

Annual
Expenditures *

$20,000

* For prior years -- total actual expenditures; for current year -- total approved
budget.

$0
20-21

Better than Expected

21-22

22-23

23-24

24-25

Criminal Justice expenditures include costs of the Municipal Court and the Public Defender’s Office. Citywide criminal justice budget for fiscal year 2024-25 anticipates an
increase of 9.5% over fiscal year 2023-24 actuals in total operating expenditures. Actual expenditures through August are 7.0% lower than the same period in the prior fiscal
year.

4

Citywide Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Public Safety

Public Safety
% of Annual
Expenditures
16.9%
17.1%
18.7%
20.7%
19.2%

$2,000,000

* For prior years -- total actual expenditures; for current year -- total approved
budget.

$0

Fiscal Year
20-21
21-22
22-23
23-24
24-25

August YTD
Expenditures
190,077
210,417
252,696
307,896
297,270

Annual
Expenditures *
1,122,901
1,228,901
1,354,421
1,487,934
1,545,522

August YTD
Expenditures

$1,600,000
$1,200,000
$800,000

Annual
Expenditures *

$400,000
20-21

21-22

22-23

23-24

24-25

Better than Expected
Public Safety expenditures include costs of Police, Fire and Emergency Management. Citywide public safety budget for fiscal year 2024-25 anticipates an increase of 3.9%
over fiscal year 2023-24 actuals in total operating expenditures. Actual expenditures through August are 3.5% lower than the same period in the prior fiscal year.

Transportation
Fiscal Year
20-21
21-22
22-23
23-24
24-25

Transportation

August YTD
Expenditures
287,013
355,237
307,003
307,157
207,787

Annual
Expenditures *
786,597
797,084
792,941
853,535
996,750

% of Annual
Expenditures
36.5%
44.6%
38.7%
36.0%
20.8%

$1,000,000
$800,000

August YTD
Expenditures

$600,000
$400,000

Annual
Expenditures *

$200,000

* For prior years -- total actual expenditures; for current year -- total approved
budget.

$0
20-21

Better than Expected

21-22

22-23

23-24

24-25

Transportation expenditures include costs for street lighting, maintenance and repair, Aviation and Public Transit. Citywide transportation budget for fiscal year 2024-25
anticipates an increase of 16.8% over fiscal year 2023-24 actuals in total operating expenditures. Actual expenditures through August are 32.4% lower than the same period
in the prior fiscal year. Fiscal year 2021-22 financial results included a $70 million pension paydown.

Community Development

Fiscal Year
20-21
21-22
22-23
23-24
24-25

August YTD
Expenditures
39,595
37,955
41,922
50,557
58,050

Community Development
Annual
Expenditures *
245,310
227,960
270,479
327,281
456,376

% of Annual
Expenditures
16.1%
16.6%
15.5%
15.4%
12.7%

$500,000
August YTD
Expenditures

$400,000
$300,000
$200,000

Annual
Expenditures *

$100,000

* For prior years -- total actual expenditures; for current year -- total approved
budget.

$0
20-21

Better than Expected

21-22

22-23

23-24

24-25

Community Development expenditures include costs for Neighborhood Services, Housing, Planning and Economic Development. Citywide community development budget
for fiscal year 2024-25 anticipates an increase of 39.4% over fiscal year 2023-24 actuals in total operating expenditures. Actual expenditures through August are 14.8%
higher than the same period in the prior fiscal year.

5

Citywide Year-To-Date Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29
Community Enrichment
% of Annual
Expenditures
21.8%
21.1%
24.3%
28.0%
23.0%

$600,000

* For prior years -- total actual expenditures; for current year -- total approved
budget.

$0

Fiscal Year
20-21
21-22
22-23
23-24
24-25

August YTD
Expenditures
85,027
88,657
109,572
133,044
116,413

Community Enrichment
Annual
Expenditures *
390,805
420,501
450,218
474,707
506,331

August YTD
Expenditures

$450,000
$300,000

Annual
Expenditures *

$150,000

20-21

21-22

22-23

23-24

24-25

Better than Expected
Community Enrichment expenditures include costs for Parks, Libraries, the Convention Center, Senior Centers and Community Centers. Citywide community enrichment
budget for fiscal year 2024-25 anticipates an increase of 6.7% over fiscal year 2023-24 actuals in total operating expenditures. Actual expenditures through August are
12.5% lower than the same period in the prior fiscal year.

Environmental Services

Environmental Services
% of Annual
Expenditures
18.5%
19.7%
18.5%
19.6%
16.5%

$1,250,000

* For prior years -- total actual expenditures; for current year -- total approved
budget.

$0

Fiscal Year
20-21
21-22
22-23
23-24
24-25

August YTD
Expenditures
136,109
148,594
153,804
175,764
181,321

Annual
Expenditures *
734,733
752,386
830,101
897,028
1,096,874

August YTD
Expenditures

$1,000,000
$750,000
$500,000

Annual
Expenditures *

$250,000
20-21

21-22

22-23

23-24

24-25

Better than Expected
Environmental Services expenditures include costs for Water, Wastewater and Solid Waste services as well as the care and maintenance of City facilities. Citywide
environmental services budget for fiscal year 2024-25 anticipates an increase of 22.3% over fiscal year 2023-24 actuals in total operating expenditures. Actual expenditures
through August are 3.2% higher than the same period in the prior fiscal year.

Citywide Debt Service Expenditures
Fiscal Year
20-21
21-22
22-23
23-24
24-25

August YTD
Expenditures
22,138
21,903
98,327
22,667
21,409

Annual
Expenditures *
131,938
131,081
207,854
136,000
144,556

General Obligation Debt Service
% of Annual
Expenditures
16.8%
16.7%
47.3%
16.7%
14.8%

$240,000
August YTD
Expenditures

$180,000
$120,000

Annual
Expenditures *

$60,000

* For prior years -- total actual expenditures; for current year -- total approved
budget net of credit for early redemption fund resources

$0
20-21

21-22

22-23

23-24

24-25

Better than Expected
General obligation debt service expenditures budget for fiscal year 2024-25 has a increase of 6.3% over fiscal year 2023-24 actuals in total operating expenditures. Actual
debt service expenditures through August 2024 are 5.5% lower than the same period in the prior fiscal year. Increases in fiscal year 2022-23 include a $75 million partial
defeasance of General Obligation Refunding Bonds, Series 2014, and a $60 million pay-off of the Excise Tax Revenue Obligations Loan that was used to purchase the 100
W. Washington Street Building.

6

Capital
Expenditures
Expenditures for capital projects. These expenditures
may come from designated capital funds such as
bond proceeds or grants, or they may come from
operating funds and be reported in both the
operating and capital sections.
Because of the long-term view used in capital
budgeting and the volatility of capital spending, no
performance status is provided unless capital
spending exceeds the capital budget.

Capital Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29

20-21

General Government $ 684,798

21-22

22-23

23-24

24-25 (Budget)

24-25 (YTD)

$ 525,852

$ 494,744

$ 576,065

$ 2,018,055

$

109,422

Discussion:
Major projects budgeted for in fiscal year 2020-21 included $115 million on the
South Central Light Rail, $96 million for Talking Stick Arena renovations, $69
million on Northwest Light Rail extension, and $32 million to replace fare
collection system.

General Government
24-25 (YTD)

Major projects budgeted for in fiscal year 2021-22 included $117 million on South
Central Light Rail extension, $70 million on Northwest Light Rail extension, $29
million to design and constructing roadway and drainage near the 303 and
Carefree Highway, $11 million replacement of Police Air Fleet, and $10 million
street improvement near Pinnacle Peak and 35th to 45th Ave.

24-25 (Budget)

Major projects budgeted for in fiscal year 2022-23 included $248 million for Light
Rail extension, construction, right-of-way and acquisition of property, $63 million
for debt service/principal and interest for Aviation and Convention Center, $60
million to construct and complete major street projects, $53 million to purchase
standard buses, design first corridor Bus Rapid Transit, and add an operational
garage, $22 million on funds for construction cost of affordable housing, $21
million to improve three Pedestrian Hybrid Beacons, $18 million to procure and
implement a Time and Labor System, and $2 million to acquire parcels along the
Capitol and I-10 corridor. Additionally, there is $100 million in contingency budget
for undetermined capital expenditures.

21-22

23-24
22-23

20-21
$0

$500

$1,000

$1,500

$2,000

$2,500

Major projects budgeted for in fiscal year 2023-24 include $264 million for Light Rail extension, construction, right-of-way and acquisition of property, $116 million to
purchase standard buses, design first and second corridors Bus Rapid Transit, $75 million to acquire parcels along the Capitol and I-10 corridor, $65 million for new
parks construction, $101 million for major streets and bridges projects, $41 million on funds for construction cost of affordable housing, and $20 million to procure and
implement a Time and Labor System. Additionally, there is $100 million in contingency budget for undetermined capital expenditures.
Major projects budgeted for in fiscal year 2024-25 include $213 million for major streets and bridges projects, $184 million to purchase standard buses, design first and
second corridors Bus Rapid Transit, $131 million for Light Rail extension, construction, right-of-way and acquisition of property, $50 million to acquire parcels along the
Capitol and I-10 corridor, and $23 million for affordable housing construction. Additionally, there is $123 million in contingency budget for undetermined capital
expenditures.

20-21

Aviation $ 172,418

21-22

22-23

23-24

24-25 (Budget)

24-25 (YTD)

$ 115,395

$ 134,479

$ 695,968

$ 1,168,847

$

219,468

Discussion:
Major projects budgeted for in fiscal year 2020-21 included $51 million on Terminal 4
concourse, $24 million Terminal 4 Apron Concrete construction, $19 million garage
demolition, and $13 million on the 24th St parking lot.

Aviation
24-25 (YTD)

Major events budgeted for in fiscal year 2021-22 included $58 million in Aviation
Bonds, $13 million in New Crossfield Taxiway, $6 million on Terminal 4 South 1
Concourse, and $5 million on Phoenix Sky Train.

24-25 (Budget)
23-24

Major projects budgeted for in fiscal year 2022-23 included $11 million for a New
Crossfield Taxiway, $34 million to modernize vertical and horizontal transportation
equipment at Sky Harbor, $24 million to reconstruct the West Air Cargo Apron, $21
million to replace and relocate the police hangar at Phoenix Deer Valley Airport, $13
million to relocate Taxiway at Phoenix Deer Valley Airports, $12 million to replace
Terminal 4 fire alarm/voice evacuation system, and $11 million to facilitate the
acquisition of land on the North side of Phoenix Sky Harbor Airport. Additionally, the
City budgets $176 million in contingencies for the Airport Development Plan.

22-23
21-22
20-21
$0

$500

$1,000

$1,500

Major projects budgeted for in fiscal year 2023-24 include $315 million for Concourse Construction at Phoenix Sky Harbor Airport, $185 million for the new Crossfield
Taxiway, $43 million to relocate the American Airlines baggage sorting facility, $41 million to modify West Air Cargo Building in support of new Crossfield Taxiway, and
$23 million to reconstruct the West Air Cargo Apron. Additionally, the City budgets $377 million in contingencies for the Airport Development Plan.
Major projects budgeted for in fiscal year 2024-25 include $118 million for Terminal 4 infrastructure modernization, $69 million for design and construction of Terminal 3
North 2 new apron, $68 million for design and construction of new Crossfield Taxiway U, $9 million for bus route preparation and relocation of C-Point and Access Gate,
and $5 million for West Air Cargo Building C modifications. Additionally, the City budgets $362 million in contingencies for the Airport Development Plan.

7

Capital Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29

20-21

Phoenix Convention Center $ 31,640

21-22

22-23

23-24

$ 84,751

$ 112,717

$ 29,306

24-25 (Budget)

24-25 (YTD)

$

$

68,470

2,307

Discussion:
Beginning in fiscal year 2012-13, Phoenix Convention Center began making debt
service payments on the State funded portion of the 2005 Convention Center
bonds. The payments from the State are accumulated in a capital fund and the
subsequent debt service payments are then made from the capital fund within the
capital budget. The debt service payments totaled $24 million for fiscal year 202021. Major projects budgeted for in fiscal year 2021-22 included $47 million for the
purchase of 100 West Washington Street.

Phoenix Convention Center
24-25 (YTD)
24-25 (Budget)
23-24

Major projects budgeted for in fiscal year 2022-23 included $150 million to design
and construct the second phase of building and garage renovations at 100 West
Washington Street.

22-23

Major projects budgeted for in fiscal year 2023-24 include $34 million to design
and construct the second phase of building and garage renovations at 100 West
Washington Street.

20-21

21-22

$0

$50

$100

$150

Major projects budgeted for in fiscal year 2024-25 include $55 million to design
and construct the second phase of building and garage renovations at 100 West
Washington Street.

20-21

Solid Waste $

8,796

21-22

22-23

23-24

$ 28,986

$ 22,723

$ 15,838

24-25 (Budget)

24-25 (YTD)

$

$

34,708

9,539

Discussion:
Major projects budgeted for in fiscal year 2020-21 Solid Waste included $4.5
million on Excavate and line Cell 2 at the State Route 85 Landfill, $1.2 million
Dixileta payment replacement at self-haul area, and $1.1 million at the 27th
Ave trommel machine.

Solid Waste
24-25 (YTD)
24-25 (Budget)

Major projects budgeted for in fiscal year 2021-22 Solid Waste included $24
million on replacing and upgrading aging equipment at 27th Ave and North
Gateway Transfer Stations Material Recovery Facilities.

23-24
22-23

Major projects budgeted for in fiscal year 2022-23 included $10 million at
transfer stations, $8.5 million at State Route 85 for excavating and lining along
with methane gas extraction systems, and $3 million to purchase replacement
vehicles. Additionally, the City budgeted $2.5 million in contingency funding for
unexpected expenditures.

21-22
20-21
$0

$15

$30

$45

Major projects budgeted for in fiscal year 2023-24 include $9 million to excavate and line Cell 2 at the State Route 85 Landfill, $7 million to replace or upgrade
aging equipment at the 27th Ave Material Recovery Facilities, and $3 million to purchase and install upgraded recycling equipment at the North Gateway Material
Recovery Facility. Additionally, the City budgets $10 million for unexpected expenditures.
Major projects budgeted for in fiscal year 2024-25 include $17 million to excavate and line Cell 2 at the State Route 85 Landfill, $7 million to replace or upgrade
aging equipment at the 27th Ave and North Gateway Material Recovery Facilities, and $6 million for vehicle replacement. Additionally, the City budgets $2 million
for unexpected expenditures.

8

Capital Expenditures (In Thousands of Dollars)
Refer to detailed financial schedules pages 19 thru 29

20-21

Wastewater $ 77,339

21-22

22-23

23-24

$182,710

$ 147,620

$261,604

24-25 (Budget)

24-25 (YTD)

$

$

644,440

312,590

Discussion:
Major projects budgeted for in fiscal year 2020-21 included $12.4 million on 91st
Ave plant equipment, $10.1 million for 23rd Ave Grit Basin Replacement, $6.9
million Citywide to rehabilitate small diameter sewers, and $4.7 million for 23rd
Ave equipment replacement.

Wastewater
24-25 (YTD)

Major projects budgeted for in fiscal year 2021-22 included $49.8 million on Lift
Stations, $33.2 million on Dixileta Dobbins North Gravity Sewer, $22.7 million
primarily rehabbing at 91st Ave, $16.3 million at 23rd Ave including designing
and constructing a new grit basin, $6.6 million rehabbing small diameter sewers
Citywide, $5.9 million rehabbing Cave Creek Reclamation Plant, $3 million 32nd
Street sanity sewer between Cortez Street and Cactus Road, and $3.0 million for
Sewer Relocation due to Light Rail.

24-25 (Budget)
23-24
22-23
21-22

Major projects budgeted for in fiscal year 2022-23 included $20 million on growthrelated wastewater infrastructure in Desert View area, $17 million to replace and
rehabilitate equipment used in solids thickening, $17 million to rehabilitate Plant
2 equipment at 91st Ave, $12 million to rehabilitate or replace large diameter
sewers, $11 million 23rd Ave Grit Basin Replacement, $9 million to rehabilitate
small sewers citywide, $5 million for rehabilitate or replacing PVC-lined concrete
sanitary interceptors, and $4 million for Dixileta Dobbins North Gravity Sewer. In
addition, the City has budgeted $165 million for contingencies.

20-21
$0

$200

$400

$600
$800
Thousands

Major projects budgeted for in fiscal year 2023-24 include $50 million to rehabilitate equipment at Cave Creek, $29 million to replace and rehabilitate Plant 2
equipment at 91st Ave, $23 million to rehabilitate or replace PVC-lined concrete sanitary interceptors, $19 million to replace and rehabilitate equipment used in solids
thickening, $16 million to rehabilitate small diameter sewers Citywide, $15 million to construct a new force main, $12 million for large growth-related infrastructure in
the Desert View Impact fee area, and $11 million for the Northwest Wastewater Gravity Sewer. Additionally, the City has budgeted $66 million for contingencies.
Major projects budgeted for in fiscal year 2024-25 include $285 million to rehabilitate equipment at Cave Creek, $61 million to replace and rehabilitate Plant 2
equipment at 91st Ave, $12 million to rehabilitate or replace large diameter sewers, and $9 million to rehabilitate small diameter sewers Citywide. Additionally, the City
has budgeted $56 million for contingencies.

20-21

Water $ 434,000

21-22

22-23

23-24

$ 205,485

$ 152,431

$336,287

24-25 (Budget)

24-25 (YTD)

$

$

628,983

10,988

Discussion:
Major projects budgeted for in fiscal year 2020-21 included $153 million on water
main from 24th Street treatment plant to 32nd St and Bell Road, $110 million on
water boosters, and $20 million on transmission main rehabilitation.

Water
24-25 (YTD)

Major projects budgeted for in fiscal year 2021-22 included $47 million on Dixileta
Dobbins to install water infrastructure, $21 million on relocating waterlines along the
Light Rail, $15 million to provide power redundancy at 24th Street Water Treatment
Plant, $12 million to repair and replace leaking water services from main to meter,
and $9 million in underground aquifer water storage.

24-25 (Budget)
23-24
22-23
21-22
20-21
$0

$200

$400

$600

$800

Major projects budgeted for in fiscal year 2022-23 included $104 million for water
engineering and construction labor, $51 million for the Southern/Northern Water
Growth Projects for growth-related water infrastructure, $22 million at DVWTP to
relocate existing chemical storage and related chemical feed pumping systems to
upgrade and replace aging facilities, $17 million on underground Aquifer Water
Storage, $12 million on Booster Pump Stations, $12 million Remote Facilities Rehab
and Replacement, $11 million for 24th Street WTP rehabilitation, and $9 million to
Acquire Additional Water Resources. Additionally, the City budgeted $105 million for
Water contingencies.

Major projects budgeted for in fiscal year 2023-24 include $85 million on booster pump stations, $25 million to install and upgrade water mains, $42 million for Deer
Valley plant rehabilitation, $32 million for 24th Street treatment plant rehabilitation, $30 million for infrastructure construction in the Southern development impact fee
area, $17 million for groundwater wells construction, $17 million on plant power redundancy at 24 th Street, $15 million for concrete reservoir rehabilitation, $15 million
for construction improvements, and $12 million for aquifer storage recovery wells. Additionally, the City budgets $105 million for Water contingencies.
Major projects budgeted for in fiscal year 2024-25 include $55 million water service assessment replacements, $42 million for aquifer water storage, $41 million for
infrastructure construction in the Northern/Southern development impact fee area, $37 million to design and construct new groundwater supply wells, and $27 million
for design and construction improvements at the Val Vista Water Treatment Plant. Additionally, the City budgets $64 million for Water contingencies.

9

Revenues
Sources of funds for the operations of the City
including local taxes, state shared taxes, user fees
and charges, and grants.

General Fund Total Operating Revenue (In Thousands of Dollars)
Refer to detailed financial schedules on pages 19 thru 29

General Fund Revenues
$2,400,000
$2,000,000

August YTD Revenues

$1,600,000
$1,200,000
$800,000
Annual Revenues*

$400,000
$0
20-21

Fiscal Year
20-21
21-22
22-23
23-24
24-25

21-22

22-23

23-24

24-25

August YTD
Annual
% of Annual
Revenues Revenues* Revenues
211,606 1,491,537
14.2%
225,630 1,508,526
15.0%
250,231 1,695,886
14.8%
247,312 1,905,441
13.0%
271,672 1,843,609
14.7%

* For prior years - total actual revenues, for current year - total approved budget

Year to Date Performance Status
Better than Expected
Fiscal year 2024-25 general fund operating revenues are budgeted to decrease -3.2% over prior year actuals. Actual revenues
through August are 9.8% higher than the same period in the prior fiscal year. Specific revenue sources are discussed on the
following pages.

10

Property Tax Revenue (In Thousands of Dollars)
Refer to detailed financial schedules on pages 19 thru 29

Property Taxes Primary & Secondary
360,000
320,000

240,000

138,549

131,014

280,000
126,148

119,973

115,069

Secondary

200,000

Primary

160,000
120,000
80,000

182,043

192,215

201,050

206,393

20-21

21-22

22-23

23-24

215,419

40,000
32
30
24-25 YTD

-

Fiscal Year
20-21
21-22
22-23
23-24
24-25 YTD
24-25 Budget

Total
297,112
312,188
327,198
337,407
62
353,968

July
(1,619)
(1,490)
(1,541)
(1,819)
(1,652)
(1,758)

Aug
1,541
1,141
1,275
1,291
1,714
1,343

Sept
1,288
1,040
1,357
1,182
1,297

Oct
21,550
24,048
29,752
28,607
29,862

Nov
89,520
101,285
98,119
115,096
113,968

Dec
38,512
33,534
39,943
30,724
37,760

Jan
15,608
18,086
16,279
16,818
18,548

Feb
6,612
6,889
7,687
8,164
8,240

Mar
9,456
8,972
10,370
11,181
11,061

Apr
15,171
15,063
15,618
13,178
15,894

24-25 Budget

May
76,862
71,096
77,294
81,036
83,139

June
22,611
32,524
31,045
31,949
34,614

Primary Secondary
182,043
115,069
192,215
119,973
201,050
126,148
206,393
131,014
30
32
215,419
138,549

Note: Monthly budget amount for 24-25 is the average % of last 3 fiscal years of the total actual amount.

Year to Date Performance Status
Expected
Because property taxes are primarily collected in November, December, May and June, a monthly breakdown of the revenues is not particularly useful, therefore the chart for property tax revenues is
presented with an annual perspective.
Total property tax revenues are budgeted to increase 4.9% in fiscal year 2024-25 over fiscal year 2023-24 actuals.

11

Local Sales Tax Revenue (In Thousands of Dollars)
Refer to detailed financial schedules on pages 19 thru 29

Local Sales Tax
Budget vs Actual
90,000
80,000
70,000
60,000

20-21 Actuals
21-22 Actuals

50,000

22-23 Actuals

40,000

23-24 Actuals
24-25 Actuals

30,000

24-25 Budget
20,000
10,000
July

Fiscal Year
20-21
21-22
22-23
23-24
24-25
24-25 Budget

Aug

July
41,583
44,048
43,479
65,562
60,143
54,043

Sept

Aug
59,937
61,805
67,368
40,693
57,344
63,796

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

YTD thru
August
101,520
105,853
110,847
106,255
117,487
117,839

Sept
33,935
41,516
46,739
61,764
51,068

Oct
45,467
50,734
81,273
77,291
70,726

Nov
52,188
60,971
35,837
51,239
55,587

Dec
39,837
53,633
59,276
62,777
59,832

Jan
42,051
70,197
70,667
62,496
68,129

Feb
32,672
42,535
54,420
52,116
50,454

Mar
63,749
44,740
52,376
59,547
61,189

Apr
40,758
54,758
43,371
73,586
58,985

May
40,197
72,938
85,884
50,079
69,152

June
67,088
61,286
56,272
69,733
70,618

Year to Date Performance Status
Expected
Local Sales Tax for fiscal year 2024-25 are budgeted to increase 0.9% over fiscal year 2023-24 actual results. Year-to-date Local Sales Tax through August are 0.3% lower than
budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of the annual budget. Monthly
budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through August fiscal year 2024-25 Local Sales Tax revenues increased 10.6% compared to the same period in prior year. For the fiscal year 2023-24 Local Sales Tax for the full
year increased 4.3% over fiscal year 2022-23. Fiscal year 2022-23 increased 5.7% over 2021-22 full year results.

12

State Sales Tax Revenue (In Thousands of Dollars)
Refer to detailed financial schedules on pages 19 thru 29

State Sales Tax
Budget vs Actual
35,000
30,000
25,000

20-21 Actuals
21-22 Actuals

20,000

22-23 Actuals
23-24 Actuals

15,000

24-25 Actuals
24-25 Budget

10,000
5,000
July

Fiscal Year
20-21
21-22
22-23
23-24
24-25
24-25 Budget

Aug

July
22,912
26,539
28,422
31,080
29,285
30,682

Sept

Aug
14,482
18,124
15,064
17,702
22,327
18,409

Oct

YTD thru
August
37,394
44,663
43,486
48,782
51,612
49,091

Nov

Sept
13,123
16,285
22,937
21,440
20,779

Dec

Oct
18,038
18,259
18,918
17,613
20,509

Jan

Feb

Mar

Apr

May

June

Nov
13,095
15,097
17,357
24,288
19,667

Dec
19,640
23,860
22,501
21,627
24,677

Jan
19,033
22,364
20,469
20,707
23,253

Feb
10,831
12,163
19,205
21,264
17,872

Mar
15,878
18,738
22,501
20,978
21,992

Apr
23,414
25,105
23,090
19,620
25,691

May
17,998
15,952
15,244
24,370
20,716

June
12,848
17,415
16,105
8,815
15,540

Year to Date Performance Status
Better than Expected
State Sales Tax for fiscal year 2024-25 are budgeted to increase 4.1% over fiscal year 2023-24 actual results. Year-to-date State Sales Tax through August are 5.1% higher than budget
expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of the annual budget. Monthly budget
amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through August fiscal year 2024-25 State Sales Tax revenues increased 5.8% compared to the same period in prior year. For the fiscal year 2023-24 State Sales Tax for the full year
increased 3.2% over fiscal year 2022-23. Fiscal year 2022-23 increased 5.2% over 2021-22 full year results.

13

Vehicle License Tax Revenue (In Thousands of Dollars)
Refer to detailed financial schedules on pages 19 thru 29

Vehicle License Tax
Budget vs Actual
12,000

10,000
20-21 Actuals
8,000

21-22 Actuals
22-23 Actuals

6,000

23-24 Actuals
24-25 Actuals
24-25 Budget

4,000

2,000

July

Fiscal Year
20-21
21-22
22-23
23-24
24-25
24-25 Budget

Aug

July
10,098
10,453
10,826
10,796
10,953
11,252

Sept

Aug
7,692
5,328
5,739
5,974
7,401
6,599

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

YTD thru
August
17,790
15,781
16,565
16,770
18,354
17,851

Sept
6,207
6,363
6,274
6,936
6,878

Oct
7,328
6,970
6,676
6,283
7,272

Nov
4,608
4,862
5,183
6,005
5,512

Dec
6,529
6,537
6,555
6,781
7,044

Jan
7,328
7,285
6,684
6,760
7,486

Feb
5,568
5,828
6,276
6,343
6,407

Mar
6,411
6,418
7,297
9,364
7,868

Apr
7,162
8,075
7,252
5,355
7,429

May
6,472
6,061
7,241
8,631
7,579

June
4,365
4,515
4,590
4,595
4,820

Year to Date Performance Status
Better than Expected
Vehicle License Tax for fiscal year 2024-25 are budgeted to increase 2.8% over fiscal year 2023-24 actual results. Year-to-date Vehicle License Tax through August are 2.8%
higher than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of the
annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through August fiscal year 2024-25 Vehicle License Tax revenues increased 9.4% compared to the same period in prior year. For the fiscal year 2023-24 Vehicle License Tax
for the full year increased 4.0% over fiscal year 2022-23. Fiscal year 2022-23 increased 2.4% over 2021-22 full year results.

14

Governmental Funds Revenue (In Thousands of Dollars)
Refer to detailed financial schedules on pages 19 thru 29

Governmental Funds Revenues
Budget vs Actual
600,000

500,000

20-21 Actuals
21-22 Actuals
22-23 Actuals

400,000

23-24 Actuals
24-25 Actuals

300,000

24-25 Budget

200,000

100,000

July

Fiscal Year
July
20-21
68,761
21-22
123,174
22-23
79,979
23-24
154,502
24-25
193,909
24-25 Budget 121,108

Aug

Sept

Oct

Aug
217,048
225,569
274,628
239,106
246,776
293,889

YTD thru
August
285,809
348,743
354,607
393,608
440,685
414,997

Sept
260,275
185,901
211,185
274,616
285,845

Nov

Oct
215,731
231,638
288,507
297,125
318,654

Dec

Jan

Nov
298,362
324,875
300,162
356,376
396,708

Feb

Dec
236,818
253,979
275,549
338,770
340,933

Mar

Jan
216,626
267,406
263,160
304,747
326,179

Apr

Feb
178,738
199,258
246,172
221,491
264,752

May

June

Mar
272,444
230,537
255,008
344,024
341,749

Apr
316,241
255,574
243,521
298,429
349,236

May
277,929
320,064
419,779
347,769
424,664

June
362,173
540,197
497,001
406,208
584,448

Year to Date Performance Status
Better than Expected
Governmental Funds are those funds supported primarily through taxes, bonds and grants and include the general fund as well as funds with dedicated tax revenue streams. They do
not include the enterprise funds. Governmental Funds for fiscal year 2024-25 are budgeted to increase 13.0% over fiscal year 2023-24 actual results. Year-to-date Governmental Funds
revenues through August are 6.2% higher than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based
on an allocation of the annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through August fiscal year 2024-25 Governmental Funds revenues increased 12.0% compared to the same period in prior year. For the fiscal year 2023-24 Governmental Funds for the
full year increased 6.8% over fiscal year 2022-23. Fiscal year 2022-23 increased 6.2% over 2021-22 full year results.

15

Aviation Revenue (In Thousands of Dollars)
Refer to detailed financial schedules on pages 19 thru 29

Aviation Operating Revenues
Budget vs Actual
160,000

120,000
20-21 Actuals
21-22 Actuals
22-23 Actuals

80,000

23-24 Actuals
24-25 Actuals
24-25 Budget

40,000

July

Fiscal Year
20-21
21-22
22-23
23-24
24-25
24-25 Budget

Aug

July
25,387
36,735
12,023
43,541
51,297
32,666

Sept

Aug
2,666
33,945
37,402
46,444
51,258
33,435

Oct

YTD thru
August
28,053
70,680
49,425
89,985
102,555
66,101

Nov

Sept
27,193
28,302
34,042
42,615
36,681

Dec

Jan

Feb

Mar

Apr

May

June

Oct
21,045
31,904
41,419
49,373
39,898

Nov
23,880
36,031
66,192
49,349
48,700

Dec
31,636
35,025
25,237
56,177
41,101

Jan
18,059
57,391
46,228
47,603
46,987

Feb
61,877
33,583
57,291
46,427
55,285

Mar
25,487
38,417
45,866
49,078
44,091

Apr
31,454
40,080
48,930
66,870
51,998

May
30,668
46,367
46,926
55,891
49,921

June
91,844
155,860
112,245
54,137
114,936

Year to Date Performance Status
Better than Expected
Aviation Operating revenue for fiscal year 2024-25 are budgeted to decrease 1.9% over fiscal year 2023-24 actual results. Year-to-date Aviation Operating revenues through August are
55.1% higher than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of the annual
budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through August fiscal year 2024-25 Aviation Operating revenues increased 14.0% compared to the same period in prior year. For the fiscal year 2023-24 Aviation Operating revenues
for the full year increased 5.9% over fiscal year 2022-23. Fiscal year 2022-23 increased 0.0% over 2021-22 full year results.

16

Water Revenue (In Thousands of Dollars)
Refer to detailed financial schedules on pages 19 thru 29

Water Operating Revenues
Budget vs Actual
100,000
90,000
80,000
70,000
20-21 Actuals

60,000

21-22 Actuals

50,000

22-23 Actuals

40,000

23-24 Actuals

30,000

24-25 Actuals
24-25 Budget

20,000
10,000
July

Fiscal Year
20-21
21-22
22-23
23-24
24-25
24-25 Budget

Aug

July
57,819
58,256
60,867
79,474
69,338
87,406

Sept

Aug
53,509
42,379
49,237
60,009
69,897
69,925

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

June

YTD thru
August
111,328
100,635
110,104
139,483
139,235
157,331

Sept
52,454
47,181
53,259
59,303
72,333

Oct
47,335
39,257
44,825
53,644
63,083

Nov
42,280
41,784
40,352
49,293
59,213

Dec
33,139
37,523
33,550
37,111
48,174

Jan
28,579
28,902
28,416
34,650
41,092

Feb
25,188
28,035
26,868
50,549
44,532

Mar
28,415
31,242
30,349
34,151
42,322

Apr
37,714
40,702
35,722
40,533
52,724

May
42,556
45,193
41,526
51,853
61,742

June
43,174
51,821
52,443
65,187
72,479

Year to Date Performance Status
Monitor and Consider Taking Action
Water Operating revenues for fiscal year 2024-25 are budgeted to increase 16.1% over fiscal year 2023-24 actual results. Year-to-date Water Operating revenues through August are
11.5% lower than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of the
annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.

Through August fiscal year 2024-25 Water Operating revenues decreased 0.2% compared to the same period in prior year. For the fiscal year 2023-24 Water Operating revenues for
the full year increased 23.8% over fiscal year 2022-23. Fiscal year 2022-23 increased 1.0% over 2021-22 full year results.

17

Wastewater Revenue (In Thousands of Dollars)
Refer to detailed financial schedules on pages 19 thru 29

Wastewater Operating Revenues
Budget vs Actual
40,000
35,000
30,000
25,000

20-21 Actuals

20,000

21-22 Actuals
22-23 Actuals

15,000

23-24 Actuals
24-25 Actuals

10,000

24-25 Budget
5,000
July

Fiscal Year
20-21
21-22
22-23
23-24
24-25
24-25 Budget

Aug

July
21,205
22,011
18,108
18,448
22,200
22,441

Sept

Aug
22,791
21,971
22,936
22,257
32,311
25,306

Oct

YTD thru
August
43,996
43,982
41,044
40,705
54,511
47,747

Nov

Sept
21,844
26,947
19,029
26,911
26,650

Dec

Jan

Feb

Mar

Apr

May

June

Oct
22,234
18,312
22,401
22,957
24,166

Nov
18,577
21,720
25,044
24,163
25,179

Dec
24,461
24,380
19,691
25,262
26,386

Jan
18,430
22,218
26,128
27,645
26,562

Feb
24,355
21,916
25,503
24,321
27,033

Mar
21,754
23,023
22,405
28,786
26,998

Apr
21,584
24,091
21,595
25,563
26,116

May
20,085
22,296
23,607
26,894
26,130

June
17,424
17,973
28,591
34,569
27,726

Year to Date Performance Status
Better than Expected
Wastewater Operating revenues for fiscal year 2024-25 are budgeted to increase 0.9% over fiscal year 2023-24 actual results. Year-to-date Wastewater Operating revenues through
August are 14.2% higher than budget expectations. City of Phoenix revenue is budgeted on an annual basis. Fiscal year 2024-25 monthly budget amounts are based on an allocation of
the annual budget. Monthly budget amounts are calculated based on an allocation of fiscal year 2020-21 through fiscal year 2023-24 actual revenue.
Through August fiscal year 2024-25 Wastewater Operating revenues increased 33.9% compared to the same period in prior year. For the fiscal year 2023-24 Wastewater Operating
revenues for the full year increased 11.9% over fiscal year 2022-23. Fiscal year 2022-23 increased 3.1% over 2021-22 full year results.

18

General Funds
Summary
Presents comparisons of year-to-date balances to
the fiscal year budget and to the actual results for the
prior year for the general fund.

General Fund Revenue
As of AUGUST 31
(dollars in thousands)
Budget
Estimate
2024-2025

Actual
Year-to-Date
2024-2025
2023-2024

Revenues
Local Taxes
Sales Taxes
Privilege License Fees
State Shared Taxes
State Sales Tax
State Income Tax
Vehicle License Tax
Primary Property Tax
Licenses and Permits
Cable Communications
Municipal Court
Fines and Forfeitures
Court Default Fee
Police
Library
Parks and Recreation
Engineering & Architectural Services
Planning & Development
Street Transportation
Fire
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other
Interest
Other Fees and Service Charges

Total Revenues

$

$

733,578
3,503

117,487 $
270

106,255
322

259,787
353,170
86,148
215,419
3,064
6,580

51,612
58,503
18,354
30
482
(77)

48,782
72,626
16,770
(329)
502
(136)

8,271
846
15,105
452
6,624
2,142
8,013

1,541
170
1,267
146
1,542
245
1,711

1,454
142
2,203
72
1,350
256
5,534

75,990
1,500
18,672
21,589
23,154

6,908
147
3,261
6,221
1,851

(21,215)
117
3,242
4,961
4,406

1,843,609

19

$

$

271,673

$

247,314

General Fund Expenditures
As of AUGUST 31
(dollars in thousands)
Budget
Estimate
2024-2025

Actual
Year-to-Date
2024-2025
2023-2024

Expenditures and Encumbrances
General Government
Mayor
City Council
City Manager
Information Technology Services
Public Information
Equal Opportunity
Law
City Auditor
City Clerk
Human Resources
Budget and Research
Finance
Others
Total General Government

$

2,744
7,029
11,993
104,600
5,058
3,687
34,423
3,892
9,019
30,440
4,587
34,834
1,954
254,259

$

450 $
847
2,185
24,391
1,380
775
5,853
580
1,448
9,872
880
5,163
852
54,676

442
1,231
2,285
20,042
1,112
742
5,857
727
1,622
4,781
871
5,659
736
46,107

Criminal Justice
Municipal Court
Public Defender
Total Criminal Justice

40,479
6,902
47,381

6,921
852
7,773

7,430
738
8,168

Public Safety
Police
Fire
Total Public Safety

768,115
479,934
1,248,049

146,533
86,548
233,081

142,038
100,046
242,085

Transportation
Street Transportation
Total Transportation

25,252
25,252

5,051
5,051

4,991
5,045

Community Development
Economic Development
Neighborhood Services Department
Planning and Development
Others
Total Community Development

10,329
21,863
7,112
2,058
41,362

2,170
3,955
1,079
84
7,288

1,619
3,430
1,017
106
6,171

Community Enrichment
Parks and Recreation
Library
Human Services
Others
Total Community Enrichment

134,037
51,120
38,493
13,054
236,705

29,567
11,960
5,988
4,374
51,888

27,883
11,330
7,479
3,610
50,302

Environmental Services
Public Works
Environmental Programs
Others
Total Environmental Services

35,413
1,928
710
38,051

12,558
207
192
12,957

9,051
321
204
9,575

Capital Improvement

91,824

19,369

4,365

Vacancy Savings

(20,000)

-

-

Contingencies

168,875

-

-

392,084 $

371,818

Total Expenditures and Encumbrances

$

20

2,131,759

$

Citywide
Summary
Presents the City's summarized comparisons of the
year-to-date balances to the fiscal year budget and to
the actual results for the prior year.

Citywide Operating Revenue
As of AUGUST 31
(dollars in thousands)

Source
General Funds
Local Taxes:
Sales Taxes
Privilege License Fees
State Shared Taxes:
State Sales Tax
State Income Tax
Vehicle License Tax
Primary Property Tax
Licenses and Permits
Cable Communications
Municipal Court
Police
Library Fees
Parks and Recreation
Planning & Development
Street Transportation
Fire
Interest
Other Fees and Service Charges

Budget
Estimate
2024-2025

$

733,578
3,503

Total General Funds
Special Revenue and Debt Service Funds
Neighborhood Protection
Public Safety Enhancement & Expansion
Parks and Preserves
Golf Courses
Transit 2000 & 2050
Court Awards
Planning and Development
Capital Construction
Sports Facilities
Highway User Revenue
Regional Transit Revenues
Community Reinvestment
Other Restricted Fees
Grants
G.O. Bond/Secondary Property Tax

Total Special Revenue and
Debt Service Funds
Enterprise Funds
Aviation
Convention Center
WaterSystem
Water
Wastewater
Solid Waste

Total Enterprise Funds
Total Operating Revenues

$

117,487 $
270

106,255
322

259,787
353,170
86,148
215,419
3,064
6,580
9,117
15,105
452
6,624
2,142
8,013
96,162
21,589
23,154

51,612
58,503
18,354
30
482
(77)
1,711
1,267
146
1,542
245
1,711
10,317
6,221
1,851

48,782
72,626
16,770
(329)
502
(136)
1,596
2,203
72
1,350
256
5,534
(17,857)
4,961
4,406

1,843,609

271,673

247,312

56,850
146,108
58,684
12,279
422,748
5,011
82,133
8,368
39,022
165,421
85,226
11,092
54,049
915,465
142,101

7,577
18,224
8,735
1,296
59,322
313
22,021
1,309
3,957
26,601
11,528
751
(3,308)
10,531
159

7,375
17,426
8,083
1,153
56,822
(3,717)
22,305
1,276
3,813
25,459
12,925
404
(168)
(6,662)
(199)

2,204,558

169,013

146,296

595,697
131,090
715,025
310,694
208,591

102,555
16,222
139,235
54,511
36,382

89,985
15,445
139,483
40,705
35,373

1,961,096

348,905

320,992

789,592 $

714,600

6,009,263

21

Actual
Year-to-Date
2024-2025
2023-2024

$

$

Citywide Operating Expenditures
As of AUGUST 31
(dollars in thousands)

Source
General Government
General Funds
Other Funds
Total General Government

Actual
Year-to-Date
2024-2025
2023-2024

Budget
2024-2025

54,676 $
4,408
59,084

46,107
3,678
49,785

47,381
8,979
56,360

7,773
1,125
8,898

8,168
1,399
9,567

Public Safety
General Funds
Other Funds
Total Public Safety

1,248,049
297,473
1,545,522

233,081
64,189
297,270

242,085
65,811
307,896

Transportation
General Funds
Other Funds
Total Transportation

25,252
971,498
996,750

5,051
202,736
207,787

5,045
302,112
307,157

Community Development
General Funds
Other Funds
Total Community Development

41,362
415,014
456,376

7,288
50,762
58,050

6,171
44,386
50,557

Community Enrichment
General Funds
Other Funds
Total Community Enrichment

236,705
269,626
506,331

51,888
64,525
116,413

50,302
82,742
133,044

Environmental Services
General Funds
Other Funds
Total Environmental Services

38,051
1,058,823
1,096,874

12,957
168,364
181,321

9,575
166,189
175,764

144,556
144,556

21,409
21,409

22,667
22,667

91,824
1,790,057
1,881,881

19,369
160,061
179,430

4,365
105,884
110,249

$

Criminal Justice
General Funds
Other Funds
Total Criminal Justice

Debt Service
General Funds
Other Funds
Total Debt Service
Capital Improvement
General Funds
Other Funds
Total Capital Improvement

254,259
54,340
308,599

$

Non-Departmental Grants
General Funds
Other Funds
Total Non-Departmental Grants

34,221
34,221

-

-

Vacancy Savings
General Funds
Other Funds
Total Vacancy Savings

(20,000)
(20,000)

-

-

Contingencies
General Funds
Other Funds
Total Contingencies

168,875
67,500
236,375

-

-

2,131,758
5,112,087
7,243,845

392,083
737,579
1,129,661 $

Total Operating
General Funds
Other Funds
Total Operating Budget

$

22

$

371,818
794,868
1,166,685

Citywide
Detail
Presents, in detail, the results of the City's operations
for the current month and for the fiscal year-to-date.
Included are breakdowns of the City's revenues,
operating budget expenditures, capital budget
expenditures and bonds authorized and sold.

Citywide Operating Revenue by Source
For the Month Ended
AUGUST 31
2024
2023

Budget
Estimate
2024-2025

Source

Actual Year-to-Date
2024-2025
2023-2024

General Funds
$

40,692,120
102,266

Local Taxes:
Sales Taxes
Privilege License Fees

57,447,031

40,794,386

Total Local Taxes

737,081,103

117,757,494

106,576,767

22,327,097
29,251,332
7,401,216

17,702,520
36,312,872
5,974,602

State Shared Taxes:
State Sales Tax
State Income Tax
Vehicle License Tax

259,787,000
353,170,000
86,148,000

51,611,702
58,502,664
18,353,918

48,782,181
72,625,744
16,770,277

58,979,645

59,989,994

699,105,000

128,468,284

138,178,202

1,049,411

795,771

Primary Property Tax

215,419,000

29,709

(328,573)

312,625

350,375

Licenses and Permits

3,064,000

482,029

501,905

-

1,924,143

Cable Communications

6,580,000

(76,848)

(135,857)

709,863
75,312

764,539
71,863

Municipal Court:
Fines and Forfeitures
Court Default Fee

8,271,450
846,000

1,540,968
170,162

1,453,988
141,796

785,175

836,402

9,117,450

1,711,130

1,595,784

666,334

578,353

Police

15,105,423

1,267,201

2,203,184

115,461

18,785

Library Fees

452,312

146,136

71,834

798,848

462,422

Parks and Recreation

6,623,940

1,542,439

1,349,510

132,384

118,974

Planning and Development

2,141,580

245,341

255,547

997,812

978,958

Street Transportation

8,013,181

1,710,778

5,534,052

Fire:
Emergency Transportation Service
Hazardous Materials Inspection Fee
Other

75,990,000
1,500,000
18,672,491

6,907,966
147,183
3,261,498

(21,215,299)
116,500
3,242,069

96,162,491

10,316,647

(17,856,730)
4,960,666

57,344,451
102,580

$

$

Total State Shared Taxes

Total Municipal Court

733,577,953
3,503,150

$

117,487,281
270,213

$

106,254,589
322,178

3,468,743
68,004
312,589

8,052,864
65,200
2,715,132

3,849,336

10,833,196

3,059,818

2,468,683

Interest

21,589,000

6,221,463

859,512

2,389,161

Other Fees and Service Charges

23,154,093

1,850,974

4,405,651

129,053,392

122,539,603

1,843,608,573

271,672,777

247,311,942

Total Fire

Total General Funds

Special Revenue and Debt Service Funds
2,868,744
204,910
1,024,551
69,274

2,410,423
172,173
860,866
65,464

Neighborhood Protection:
Police Neighborhood Protection
Police Blockwatch
Fire Neighborhood Protection
Interest/Other

39,202,335
2,800,453
14,000,263
846,758

5,197,369
371,241
1,856,203
151,806

5,064,704
361,765
1,808,823
140,069

4,167,479

3,508,926

Total Neighborhood Protection

56,849,809

7,576,619

7,375,361

8,405,124
2,771,925
137,084

5,585,984
1,424,239
113,261

110,147,402
34,991,668
969,000

13,787,795
4,139,403
296,491

13,256,989
3,924,115
245,138

11,314,133

7,123,484

146,108,070

18,223,689

17,426,242

4,612,224

3,867,606

58,684,199

8,734,755

8,082,988

Public Safety Enhancement & Expansion:
Police
Fire
Interest/Other
Total Public Safety Enhancement & Expansion
Parks and Preserves

23

Citywide Operating Revenue by Source
For the Month Ended
AUGUST 31
2024
2023
$

288,817
248,790
28,243
20,376

$

Budget
Estimate
2024-2025

Source

350,471
235,911
15,988
46,567

Golf Courses:
Fees
Coffee Shops
Concessions
Interest
Other

$

8,031,872
3,521,024
140,000
586,284

Actual Year-to-Date
2024-2025
2023-2024
$

621,841
527,272
57,689
88,848

$

603,891
431,296
32,420
85,350

586,226

648,937

Total Golf Courses

12,279,180

1,295,650

1,152,957

27,996,245
3,398,696

23,477,843
2,887,265

Transit 2000 & 2050:
Sales Taxes
Interest/Other

381,629,644
41,118,256

50,911,194
8,410,486

49,415,839
7,406,108

31,394,941

26,365,108

422,747,900

59,321,680

56,821,947

Court Awards

5,010,751

312,639

(3,716,515)

Planning and Development

82,132,700

22,020,933

22,305,445

Capital Construction

8,368,140

1,308,645

1,276,216

Sports Facilities:
Sales Taxes
Interest/Other

32,667,563
6,354,849

3,226,995
730,416

3,299,936
512,606

1,393,565

-

Total Transit 2000 & 2050

6,160,072

6,535,748

675,668

682,104

1,696,014
367,673

1,618,237
259,729

2,063,687

1,877,966

Total Sports Facilities

39,022,412

3,957,411

3,812,542

12,205,638
622,128
550,739

11,901,505
447,304
21,842

Highway User Revenue:
Highway User Revenue
Interest
Other

160,147,000
4,230,000
1,043,836

24,766,638
1,263,016
570,996

24,521,564
892,650
44,718

13,378,505

12,370,651

165,420,836

26,600,650

25,458,932

-

-

Total Highway User Revenue
Local Transportation Assistance

-

-

-

5,770,626

5,598,147

Regional Transit Revenues

85,226,104

11,527,890

12,925,066

443,070

237,823

Community Reinvestment

11,092,101

750,841

404,258

4,955,403

9,686,316

Other Restricted Fees

54,049,463

(3,308,304)

(167,933)

361,483
13,026,473
993,556

472,950
14,384,507
4,533,188

Grants:
Public Housing:
Rentals
Grants
Other

5,793,008
246,133,212
74,977,988

676,637
33,569,706
4,387,756

824,657
29,827,155
9,705,168

14,381,512

19,390,645

326,904,208

38,634,099

40,356,980

5,494,803
5,400,146
613,160
4,254,444

5,143,564
1,105,359
1,499,079
10,429,386

79,071,208
121,893,990
42,000,078
345,595,568

2,559,763
(42,473,962)
(750,298)
12,561,184

(675,704)
(43,676,729)
(4,451,489)
1,784,660

15,762,553

18,177,388

Total Other

588,560,844

(28,103,313)

(47,019,262)

30,144,065

37,568,033

Total Grants

915,465,052

10,530,786

(6,662,282)

663,541
1

495,368
-

138,548,664
3,552,237

31,883
127,189

(199,274)
-

663,542

495,368

142,100,901

159,072

(199,274)

117,723,206

116,566,217

2,204,557,618

169,012,956

146,295,950

Total Public Housing
Other:
Human Resources
Federal Transit Administration
Community Development
Other

G.O. Bond/Secondary Property Tax
Secondary Property Tax
Interest
Total G.O. Bond/Secondary Property Tax
Total Special Revenue and Debt Service Funds

24

Citywide Operating Revenue by Source
For the Month Ended
AUGUST 31
2024
2023

Budget
Estimate
2024-2025

Source

Actual Year-to-Date
2024-2025
2023-2024

Enterprise Funds
AVIATION:
$

12,503,947 $
34,704,842
2,402,976
239,589
308,384
442,658
655,865

11,112,423
32,148,597
1,601,872
354,074
330,128
363,308
533,830

51,258,261

46,444,232

Sky Harbor:
Airlines
Concessions
Interest
Other
Phoenix-Goodyear
Phoenix-Deer Valley
Phoenix-Customer Facility Charge

$

Total Aviation

141,722,995
426,755,571
11,866,551
3,520,413
3,063,867
3,834,551
4,933,449

$

24,498,220
70,139,011
4,747,980
416,695
651,238
790,148
1,311,776

$

21,887,002
62,090,569
3,120,036
611,006
572,052
645,135
1,059,002

595,697,397

102,555,068

89,984,802

95,515,890
31,872,410
3,702,000

10,247,127
4,726,063
1,249,245

10,922,568
3,740,900
781,630

131,090,300

16,222,435

15,445,098

646,504,636
2,930,000
6,790,545
13,149,884
7,623,874
16,823,000
21,202,624

130,319,492
452,419
3,675,451
2,246,634
557,670
2,395,744
(412,692)

111,206,137
509,459
3,303,937
1,404,586
815,700
1,972,993
20,270,527

715,024,563

139,234,718

139,483,339

CONVENTION CENTER:
5,708,874
1,901,231
629,366

5,088,355
1,819,724
397,661

8,239,471

7,305,740

Excise Taxes
Operating Revenue
Interest
Total Convention Center
WATER:

64,981,315
219,554
659,713
2,130,722
231,090
1,191,113
483,110

55,828,299
307,333
612,751
1,273,333
402,000
1,026,191
559,626

69,896,617

60,009,533

Water Sales
Water Service Fees
Distribution
Intergovernmental
Development Fees
Interest
Other
Total Water
WASTEWATER:

21,902,973
4,882,980
218,160
1,278,905
4,028,372

17,932,141
1,973,134
400,020
1,006,463
946,092

Sewer Service Charges
Multi-City
Development Fees
Interest
Other

248,997,506
20,537,864
7,159,193
8,250,000
25,748,999

42,614,905
4,882,980
529,500
2,603,905
3,879,819

35,237,115
1,973,134
782,880
2,003,198
709,167

32,311,390

22,257,850

Total Wastewater

310,693,562

54,511,109

40,705,494

184,941,193
15,690,470
1,128,000
6,831,014

31,247,522
2,449,299
354,067
2,331,249

30,352,666
2,646,002
325,567
2,048,896

208,590,677

36,382,137

35,373,131

1,961,096,499

348,905,467

320,991,864

SOLID WASTE:

$

15,609,354
1,216,212
175,056
401,924

15,187,547
1,666,801
162,385
1,080,508

17,402,546

18,097,241

179,108,285

154,114,596

425,884,883

$

393,220,416

Collection Fees
Landfill Fees
Interest
Other
Total Solid Waste
Total Enterprise Funds
Total Operating Revenues

$

25

6,009,262,690

$

789,591,200

$

714,599,756

Citywide Operating Expenditures by Program
For the Month Ended
AUGUST 31
2024
2023

Program

Budget
Estimate
2024-2025

2024-2025 Year-to-Date
Operating Expenditures & Encumbrances
Capital
Operations
and Debt

Actual Year-to-Date
2024-2025
2023-2024

General Government
$

242,130 $
458,710
1,618,340
9,473,127
130,587
450,713
487,773
3,384,467
363,465
591,307
3,057,686
385,057
15,229
465,652
4,029,340
562,562

249,661
801,828
1,462,662
7,731,989
118,634
843,545
524,172
3,975,874
364,952
617,457
2,918,998
364,247
15,506
541,591
4,413,549
504,849

25,716,145

25,449,513

Mayor
$
City Council
City Manager
Information Technology Services
Government Relations
Public Information
Equal Opportunity
Law
City Auditor
City Clerk
Human Resources
Retirement Systems
Phoenix Employment Relations Board
Budget and Research
Finance
Regional Wireless Cooperative
Total General Government

2,743,728
7,028,752
18,852,764
110,430,760
1,760,971
5,081,029
4,322,160
36,350,871
3,892,340
9,018,814
30,621,716
660,030
133,422
4,587,448
69,169,804
3,944,784

$

449,638
847,459
2,903,309
25,899,120
321,087
1,380,051
868,966
6,157,336
579,947
1,448,466
9,902,225
738,828
27,647
879,964
8,184,796
(1,505,222)

$

442,485
1,230,568
2,449,896
22,305,985
276,834
1,115,102
838,133
6,222,802
726,708
1,622,428
4,888,243
557,446
26,973
870,870
7,980,038
(1,769,277)

$

449,638
847,459
2,903,309
24,553,770
321,087
1,380,051
868,966
6,157,336
579,947
1,448,466
9,871,901
738,828
27,647
879,964
5,492,269
(1,505,222)

$

1,345,350
30,324
2,692,528
-

308,599,393

59,083,619

49,785,234

55,015,418

4,068,201

49,458,140
6,901,638

8,046,260
851,728

8,828,309
738,227

6,970,606
851,728

1,075,654
-

56,359,778

8,897,987

9,566,535

7,822,333

1,075,654

982,286,006
563,236,236
-

192,573,918
104,695,790
-

189,981,386
117,914,188
-

192,216,465
104,214,479
-

357,453
481,311
-

1,545,522,242

297,269,708

307,895,575

296,430,944

838,764

Criminal Justice
4,160,467
618,061

5,345,576
565,494

4,778,528

5,911,069

Municipal Court
Public Defender
Total Criminal Justice
Public Safety

98,305,687
55,631,089
-

106,555,696
56,759,996
-

153,936,776

163,315,692

Police
Fire
Other
Total Public Safety
Transportation

12,170,553
1,138,457
37,343,893
58,730,241

10,302,131
477,396
39,967,648
202,979,676

Street Transportation
Street Lighting
Aviation
Public Transit

121,121,878
13,064,801
512,530,982
350,032,358

27,340,560
3,931,307
79,300,470
97,214,274

23,459,858
2,214,494
70,907,115
210,575,152

26,566,962
3,931,307
62,849,619
97,214,274

773,598
16,450,851
-

109,383,145

253,726,852

Total Transportation

996,750,019

207,786,611

307,156,620

190,562,163

17,224,449

Community Development
9,591,573
13,847,767
1,889,137
3,282,282

8,795,940
13,406,753
2,994,014
3,903,607

Planning and Development
Housing
Economic Development
Neighborhood Services Department

101,520,092
259,603,855
23,528,376
71,723,706

18,163,035
27,446,360
6,326,311
6,114,591

15,346,009
24,233,517
4,592,457
6,385,290

18,163,035
27,446,360
5,875,687
6,114,591

450,624
-

28,610,759

29,100,314

Total Community Development

456,376,029

58,050,296

50,557,272

57,599,672

450,624

156,930,139
52,775,746
96,801,677
13,559,675
167,851,864
8,368,135
10,043,405

33,891,713
12,174,956
29,571,642
2,260,366
30,887,386
5,828,994
1,798,030

31,733,856
11,523,150
27,106,400
2,126,346
55,107,351
4,218,188
1,228,237

33,825,850
12,174,956
25,623,084
30,875,278
5,828,994
1,798,030

65,863
3,948,558
2,260,366
12,107
-

506,330,641

116,413,087

133,043,528

110,126,193

6,286,894

Community Enrichment
16,049,021
4,858,951
5,996,400
1,130,543
17,007,527
3,754,353
961,137

17,809,611
4,976,505
5,264,848
1,063,173
43,994,497
101,758
790,148

49,757,932

74,000,539

Parks and Recreation
Library
Convention Center
Sports and Cultural Facilities
Human Services
Public Parking Facilities
Other
Total Community Enrichment

26

Citywide Operating Expenditures by Program
For the Month Ended
AUGUST 31
2024
2023

Budget
Estimate
2024-2025

Program

2024-2025 Year-to-Date
Operating Expenditures & Encumbrances
Capital
Operations
and Debt

Actual Year-to-Date
2024-2025
2023-2024

Environmental Services
$

34,702,231 $
17,603,987
15,838,921
9,212,529
425,927
115,544

37,742,826
17,029,407
18,912,599
5,748,649
459,156
139,713

Water
Wastewater
Solid Waste Management
Public Works
Environmental Programs
Manager's Office of Sustainability

77,899,140

80,032,349

Total Environmental Services

$

477,320,282
212,455,161
205,087,439
46,180,805
154,940,082
890,245

$

83,168,815
40,521,174
42,174,021
14,422,704
792,420
241,722

$

88,728,400
41,752,875
33,312,545
10,873,072
854,171
242,624

$

58,286,112
30,269,608
40,507,813
12,564,192
792,420
241,722

$

24,882,703
10,251,566
1,666,208
1,858,512
-

1,096,874,014

181,320,857

175,763,687

142,661,868

38,658,989

4,536,198
29,115,414
126,000
7,373,682
667,925
3,038,262
708,750
16,396,161
6,021,092
472,675
24,647,410
12,940,624
1,676,610
13,402,036
150,000
8,876,400
11,490,195
31,800
2,885,060

756,033
4,852,569
21,000
1,228,947
111,321
506,377
118,125
2,732,693
1,003,515
78,779
4,107,902
2,156,771
181,239
100,000
1,479,400
1,915,032
5,300
53,572

2,111,723
3,859,311
16,750
2,471,616
104,387
504,944
93,125
2,148,704
1,128,000
62,904
2,864,165
2,095,637
181,239
100,000
2,963,100
1,902,047
5,500
53,572

756,033
4,852,569
21,000
1,228,947
111,321
506,377
118,125
2,732,693
1,003,515
78,779
4,107,902
2,156,771
181,239
100,000
1,479,400
1,915,032
5,300
53,572

-

General Obligation Debt Service

$

378,016
2,426,284
10,500
614,473
55,660
253,189
59,063
1,366,347
501,758
39,390
2,053,951
1,078,385
90,619
50,000
739,700
957,516
2,650
26,786

1,055,862
1,929,656
8,375
1,235,808
52,194
252,472
46,563
1,074,352
564,000
31,452
1,432,083
1,047,818
90,619
50,000
1,481,550
951,024
2,750
26,786

10,704,287

11,333,362

Total Debt Service

144,556,294

21,408,575

22,666,724

21,408,575

-

60,161,476

85,130,690

Capital Improvement

1,881,880,514

179,430,190

110,249,432

179,430,190

-

-

-

Non-Departmental Grants

34,221,125

-

-

-

-

-

-

Vacancy Savings

(20,000,000)

-

-

-

-

-

-

Contingencies

236,375,350

-

-

-

-

520,948,188 $

728,000,381

Cultural Facilities
Downtown Development
Economic Development
Environmental Services
Fire Protection
Freeway Mitigation
Historic/Neighborhood Preservation
Human Services
Information Systems
Libraries
Maintenance Service Centers
Mountain Preserves/Parks
Municipal Administration Buildings
Police Protection
Public Housing Renovation
Sanitary Sewers
Secondary Property Tax
Solid Waste Enterprise Bonds
Storm Sewer Improvements
Street Improvements
Street Light Refinancing
Water

$

7,243,845,399

$

27

1,129,660,930

$

1,166,684,608

$

1,061,057,354

$

68,603,576

Capital Expenditures and Encumbrances
2024-2025
Program
General Government
Arts and Cultural Facilities
Economic Development
Environmental Programs
Facilities Management
Fire Protection
Historic Preservation & Planning
Housing
Human Services
Information Technology
Libraries
Neighborhood Services
Non-Departmental Capital
Parks and Mountain Preserves
Police Protection
Public Art Program
Public Transit
Regional Wireless Cooperative
Street Transportation & Drainage
General Government Subtotal

Enterprise
Aviation
Phoenix Convention Center
Solid Waste Disposal
Wastewater
Water
Enterprise Subtotal
Total Capital Budget Program

Budget

2023-2024
Actual Yearto-Date

Actual Yearto-Date

2024-2025 Year-to-Date Capital Amounts
From Operating Funds
From Capital Funds
Budget
Actual
Budget
Actual

Unencumbered
Budget

$

2,620,884 $
17,379,842
250,000
89,774,963
81,819,625
9,270,733
162,029,573
14,798,893
58,493,297
7,487,264
6,771,736
236,345,202
157,541,791
40,233,224
26,640,851
488,961,069
8,277,823
609,358,247

$
(1,201,430)
15,175,560
854,952
2,886,586
2,024,340
2,380,819
3,349,999
774,414
14,998
14,652,212
27,286,211
13,845
300,544
7,174,199
33,734,323

16,159
4,740,296
1,552,405
1,865,152
24,214,892
6,153,454
1,855,362
1,326,218
227,820
44,500
13,575,297
4,470,623
6,557,398
1,446,731
11,076,790
15,685,629

$

$
12,129,842
250,000
42,540,638
5,689,208
6,500,000
129,656,839
14,482,338
33,122,986
5,396,153
6,771,736
16,850,000
121,395,599
6,796,223
488,961,069
2,277,823
278,909,637

(1,201,430)
12,078,082
528,072
2,886,586
1,108,841
2,380,361
3,349,999
774,414
14,998
13,049,704
227,836
7,174,199
27,318,951

$

2,620,884 $
5,250,000
47,234,325
76,130,417
2,770,733
32,372,734
316,555
25,370,311
2,091,111
219,495,202
36,146,192
40,233,224
19,844,628
6,000,000
330,448,610

3,097,478
326,879
915,499
458
14,652,212
14,236,507
13,845
72,708
6,415,372

$

2,620,884
18,581,272
250,000
74,599,403
80,964,673
6,384,147
160,005,233
12,418,074
55,143,298
6,712,850
6,756,738
221,692,990
130,255,580
40,219,379
26,340,307
481,786,870
8,277,823
575,623,924

$

2,018,055,017 $

109,421,572 $

94,808,728

$

1,171,730,091 $

69,690,614

$

846,324,926 $

39,730,958

$

1,908,633,445

$

$

1,168,847,275
68,470,134
34,708,075
644,439,915
628,982,554
2,545,447,953

$ 219,468,124
2,306,623
9,538,888
312,590,484
10,988,228
$ 554,892,348

$

4,563,502,970

$ 664,313,920

$

$

67,133,993
2,017,277
6,264,467
35,093,883
9,598,471
120,108,091

$

359,109,471
13,110,134
24,444,137
89,077,414
224,409,267
710,150,423

79,111,794
610,471
3,068,321
23,797,897
3,151,094
$ 109,739,576

$

214,916,818

$ 1,881,880,514

$ 179,430,190

28

$

$

$

$

809,737,804
55,360,000
10,263,938
555,362,501
404,573,287
1,835,297,530

$

2,681,622,456

$

$

140,356,329
1,696,152
6,470,567
288,792,588
7,837,135
445,152,771

$

$

949,379,151
66,163,511
25,169,187
331,849,431
617,994,326
1,990,555,605

$

484,883,730

$

3,899,189,050

Bonds Authorized and Sold
As of AUGUST 31
(dollars in thousands)
Authorized

Sold

Available

2023 Authorizations

Fire, Police, Roadway and Pedestrian Infrastructure
Library, Parks, and Historic Preservation
Education, Economic Development, Reducing Waste,
Resource Management, Arts and Culture
Affordable Housing and Senior Centers

$

Total 2023 Authorizations

214,000
108,615

$

88,900
42,500

$

125,100
66,115

114,385
63,000

74,300
44,300

40,085
18,700

500,000

250,000

250,000

81,000
136,400
198,700
37,600
170,922
136,205

63,385
133,195
190,610
32,515
150,110
121,900

17,615
3,205
8,090
5,085
20,812
14,305

29,285
12,000
62,178
74,000
192,500
186,095
169,700
131,400
1,071,765

28,285
11,205
53,200
71,645
174,865
159,585
147,410
127,720
1,071,765

1,000
795
8,978
2,355
17,635
26,510
22,290
3,680
-

2,689,750

2,537,395

152,355

1988, 2001, and 2006 Authorizations

Affordable Housing and Neighborhood Revitalization
Computer Technology
Education Facilities
Environmental Cleanup
Family, Senior and Youth Cultural Facilities
Fire Protection
Freeway Mitigation, Neighborhood Stabilization and
Slum and Blight Elimination
Historic Preservation
Library Facilities
Neighborhood Protection and Senior Centers
Parks, Open Space and Recreational Facilities
Police Protection
Street Improvements
Storm Sewer Systems and Flood Protection
Bonds Fully Issued
Total 1988, 2001, and 2006 Authorizations
$

Total Bond Program

29

3,189,750

$

2,787,395

$

402,355